Should I buy or rent a home in Sydney?
If you have not spent a lot of time in Sydney, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Whether to buy or rent a home in Sydney is a very important decision that requires a great deal of consideration. There are a number of factors that should be taken into account, such as financial capability, the local housing market, proximity to essential services, and desired term of stay. If you have sufficient financial resources and are unsure about the length of stay or you do not plan to stay for a long time, then renting a home would be the most suitable option. However, if you have a clear plan and intend to stay in Sydney in the long run and can afford to commit to a home purchase, then buying a property could be a more lucrative decision. Ultimately, it is important to weigh up all the pros and cons of renting and buying and choose the option that best suits your individual situation," remarked another expat in Sydney, Australia, Australia.
Other Questions:
- What do I need to know before retiring in Sydney?
- What do I need to know before moving to Sydney?
- How do I find a place to live in Sydney?
- What is a typical expat home or apartment like in Sydney?
- What is the average cost of housing in Sydney?
- How do I meet people in Sydney?
- What should I pack when moving to Sydney?
- Where should I setup a bank account in Sydney?
- Will I be able to find a job in Sydney?
- What is life like in Sydney?
- What do people like (and dislike) about Sydney?
- What type of social life can someone expect in Sydney?
- What is the social scene like in Sydney?
- What advice to expats in Sydney have about housing?
- What are medical services in Sydney like?
- Are healthcare and health insurance expensive in Sydney?
- Is the cost of living in Sydney high?
- What are the visa & residency requirements in Sydney?
- Why do people move to Sydney?
Should I buy or rent a home in Sydney?
If you live in Sydney, newcomers to Sydney would love to hear your answer to this question.